VICI Properties Inc. (NYSE:VICI) Holdings Raised by Norden Group LLC

Norden Group LLC boosted its stake in VICI Properties Inc. (NYSE:VICI) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,514 shares of the company’s stock after buying an additional 1,299 shares during the quarter. Norden Group LLC’s holdings in VICI Properties were worth $453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VICI. Venturi Wealth Management LLC lifted its position in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after buying an additional 431 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in VICI Properties in the 4th quarter worth approximately $33,000. Whipplewood Advisors LLC purchased a new stake in VICI Properties in the 4th quarter worth approximately $40,000. Continuum Advisory LLC lifted its position in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares in the last quarter. Finally, Cromwell Holdings LLC lifted its position in VICI Properties by 31.3% in the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after buying an additional 494 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE:VICI opened at $32.67 on Tuesday. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The firm’s fifty day simple moving average is $29.89 and its 200 day simple moving average is $31.47. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $34.51 billion, a PE ratio of 12.76, a PEG ratio of 3.88 and a beta of 0.95.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Wall Street Analyst Weigh In

VICI has been the topic of several analyst reports. Truist Financial dropped their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Finally, Stifel Nicolaus increased their price target on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.